Bankruptcies
Published 12:00 am Wednesday, June 11, 2014
- Leilani Rapaport / The BulletinDave Nissen, co-owner of Wanderlust Tours in Bend, guides a canoe through Hosmer Lake on June 4. Wanderlust celebrates its 20th summer in operation this year.
Frequent-flier program changes
United Airlines on Tuesday made a dramatic change to its frequent-flier program, basing earnings on dollars spent rather than miles flown.
Chicago-based United’s new MileagePlus program mirrors a move made by Delta Air Lines earlier this year. It’s aimed at rewarding big-spending fliers who are most profitable for the airline, making corporate travelers the big winners and most leisure travelers the losers.
The switch to base awards on fares, specifically base fare plus carrier-imposed surcharges but not taxes and airport charges, will take effect March 1 of next year and applies to flights on United, United Express and most United-issued tickets for flights on the company’s airline partners.
Poll: Millennials hit hard by debt
Four in 10 members of the millennial generation said they felt overwhelmed by debt, with more than half reporting they were living paycheck to paycheck, according to poll results released Tuesday.
Most of the respondents in the Wells Fargo Millennial Study said the Great Recession taught them they needed to start saving for retirement, but 45 percent said they had not yet begun.
Although 56 percent said they were living paycheck to paycheck, nearly seven in 10 said they felt better off financially than other members of their generation and expected their standard of living before they retired to be better than that of their parents.
— From wire reports